This report provides exclusive insights into the COVID-19 impact on the Hydroponics Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Hydroponics Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Hydroponics Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on hydroponics market provides an in-depth analysis of
segments and sub-segments in the global as well as regional hydroponics market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional hydroponics market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global hydroponics market. According to the
report, the global hydroponics market is projected to grow at a CAGR of 10%
over the forecast period of 2019-2025.
Hydroponics is a technology for
growing plants with or without the use of an artificial medium. It is basically
growing plants without soil. The plants can grow without soil and often grow a
lot better with their roots in water or very moist air. The growing plants
without soil are known as hydroponics. It is an efficient way to provide food
and water to plants. The hydroponics provides benefits such as the ability to
produce higher yields than traditional, soil-based agriculture. Further, it
allows food to be grown and consumed in areas of the world that cannot support
crops in the soil.
The development in conventional
farming practices, increasing crop yield and floating adoption of vertical farming
are the major driving factors for the growth of the hydroponics market.
Furthermore, enhancement in farming techniques and increasing demand for exotic
vegetables and salad crops provide growing demand for the hydroponics market.
Additionally, growth in the consumption of exotic, rising populations attached
to rising demand for food, need for global food security and technological
advancements in hydroponics. These are propelling the growth of the hydroponics
market. However, technological complexity is affecting the growth of the
market. Moreover, changes in farming approach and improved cultivation of
medicinal plants provide a growth opportunity for the hydroponics market.
Europe is the largest revenue
making region for the hydroponics market owing to its advanced hydroponics
techniques in smart greenhouse horticulture. The European market is dominated
by countries such as France, the Netherlands, and Spain. The Netherlands is the
largest producer of hydroponics crops and is expected to remain the same for
the next years. Asia Pacific is the second largest region for the hydroponics
market and is estimated to grow with a healthy CAGR owing to the increasing
population and growing demand for food. China, India, and Japan are the major
contributors to the growth of the market in the Asia Pacific region.
The report on the global hydroponics
market covers segments such as type, crop type, and equipment. On the basis of
type, the sub-markets include aggregate systems, and liquid systems. On the
basis of crop type, the sub-markets include vegetables, fruits, and flowers. On
the basis of equipment, the sub-markets include HVAC, LED grow light,
irrigation systems, material handling, and control systems.
The report provides profiles of
the companies in the market such as American Hydroponics, Inc., Argus Controls,
Bright Farms, Circle Fresh Farms, Hydrofarm, Inc., Greentech Agro, Llc,
Lumigrow, Inc., Koninklijke Philips NV, Pegasus Agritech, and Terra Tech.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the hydroponics market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.